103 - accounting PDF

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Summary

The NCA is recorded in the a. Registry of Allotments and Notice of Cash Allocation (RANCA). b. Books of accounts (Journal and Ledger) c. Obligation Request and Status (ORS) d. a and bThe implication that users must be informed of the entity’s policies, changes to those policies, and the effects of t...

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The NCA is recorded in the a. Registry of Allotments and Notice of Cash Allocation (RANCA). b. Books of accounts (Journal and Ledger) c. Obligation Request and Status (ORS) d. a and b

The implication that users must be informed of the entity’s policies, changes to those policies, and the effects of those changes refers to a. Comparability b. Completeness c. Understandability d. Reliability

The entry to record the reversion of unused NCA at the end of the year is a. Subsidy from Na tional Government Cash-Modified Disbursement System (MDS), Regular

b. Accumulat ed Surplus/(Deficit) Cash-Treasury/Agency Deposit, Re gular

c. Subsidy from National Government Cash-Collecting Officers

d. No journa l entry.

Which of the following is not a form of disbursement authority? a. Allotment b. Notice of Cash Allocation c. Non-Cash Availment Authority

CPA

d. Cash Disbursement Ceiling

Theent ryt ocl oset he“ CashTreasury/AgencyDeposi t ,Regul ar”accountatt he end oft heperi od i s Accumul at ed Surpl us/( Defici t ) a.

CashTreasury/AgencyDeposi t , Regul ar Subsi dyf rom Nat i onalGovernment

b.

xxx

xxx

xxx

xxx

CashTreasury/AgencyDeposi t , Regul ar Cash-Col l ect i ngOfficers

c.

CashTreasury/AgencyDeposi t , Regul ar Noneoft hese.Theaccount cl osed.

d.

None of the se. The account is not closed .

Which of the following is (are) affected when a government entity incurs obligations? a. ORS b. RAPAL c. RAOD d. a and c

CPA...